Fiserv (FISV) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Fiserv published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Fiserv reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Fiserv recorded a non-cash goodwill impairment charge of $6,452 million in Q3 2026, within Corporate and Other, which turned GAAP results into a loss.
• In Q3 2026 Fiserv completed the sale of its student loan servicing business and formed the MoneyPass Group joint venture, in which it keeps a minority interest.
• Fiserv's adjusted and organic revenue exclude postage reimbursements, which are the $344 million booked in Corporate and Other.

Source: Fiserv Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Fiserv splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Fiserv's Merchant Solutions revenue was $2.5 billion in Q3 2026, down 3% from $2.6 billion in Q3 2025, 49% of total revenue.
• Fiserv's Financial Solutions revenue was $2.3 billion in Q3 2026, flat on $2.3 billion in Q3 2025, 45% of total revenue.
• Fiserv's Corporate and Other (postage reimbursements) revenue was $344 million in Q3 2026, flat on $344 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Fiserv said:

“Fiserv continues to expect organic revenue outlook of (1%) to 0% and adjusted earnings per share of $7.20 to $7.40 for 2026.”

“The company increased its projected savings under Project Elevate to $1 billion, up from its prior $500 million estimate, following a comprehensive portfolio review and identification of additional operational efficiencies.”

“The company expects to repurchase $500 million of its common stock during the fourth quarter of 2026 under its existing share repurchase authorization.”

Source: Fiserv Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the FISV forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and GAAP diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Fiserv's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Fiserv's GAAP revenue was $5,196 million in Q3 2026, down 1% from $5,263 million a year earlier. Processing and services brought in $4,231 million and product sales $965 million. Organic revenue, which excludes currency, acquisitions, dispositions and postage reimbursements, was flat, with a 2% decline in Merchant Solutions and 2% growth in Financial Solutions. (Fiserv Q3 2026 release, Nov 3, 2026)

Merchant Solutions revenue was $2,521 million, down 3%. Small Business, which includes the Clover point-of-sale and business management platform, brought in $1,713 million, Enterprise $561 million and Processing $247 million. Fiserv said the decline came mainly from a $56 million drop in anticipation revenue in Argentina, attributed to lower inflation and interest rates, and lower data and analytics sales, partly offset by global volume growth including from Clover. (Fiserv Form 10-Q, Q3 2026, Nov 4, 2026; Fiserv Q3 2026 release, Nov 3, 2026)

Financial Solutions revenue was $2,331 million, against $2,333 million: Digital Payments $914 million, Issuing $840 million and Banking $577 million. Fiserv said lower data and analytics sales in the segment were offset by higher license revenue within Issuing. (Fiserv Form 10-Q, Q3 2026, Nov 4, 2026)

Corporate and Other holds $344 million of postage reimbursements, which Fiserv strips out to arrive at adjusted revenue of $4,852 million. Most of Fiserv's revenue is earned in the U.S.; its EMEA, LATAM and APAC regions made up about 16% of total revenue in the quarter. (Fiserv Q3 2026 release, Nov 3, 2026; Fiserv Form 10-Q, Q3 2026, Nov 4, 2026)

Fiserv reported a GAAP loss of $11.17 per diluted share in Q3 2026, against earnings of $1.46 a year earlier, after a non-cash goodwill impairment charge of $6.45 billion. Fiserv said sustained decreases in its share price and market capitalization were a triggering event for an interim impairment test. Net of tax, the charge accounts for $12.04 of the gap between GAAP and adjusted EPS. (Fiserv Q3 2026 release, Nov 3, 2026; Fiserv Form 10-Q, Q3 2026, Nov 4, 2026)

Fiserv's adjusted EPS was $1.75, against $2.04. Besides the impairment, the adjusted figure excludes amortization of acquisition-related intangible assets ($0.45 a share), One Fiserv transformation program expenses ($0.24), severance costs ($0.13) and merger and integration costs ($0.05). Adjusted operating margin fell to 31.2% from 37.0%: Merchant 28.7% against 37.2%, and Financial 38.1% against 42.5%. (Fiserv Q3 2026 release, Nov 3, 2026)

Diluted shares were 531.8 million, against 541.8 million a year earlier. Fiserv repurchased no stock in Q3 2026, against 7.2 million shares for $1.0 billion in Q3 2025. The effective income tax rate was (2.4)%, against 17.9%, which the 10-Q attributes in part to the impairment of non-deductible goodwill. (Fiserv Q3 2026 release, Nov 3, 2026; Fiserv Form 10-Q, Q3 2026, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Fiserv gives a full-year outlook in its release. With Q3 2026 it affirmed 2026 organic revenue of (1%) to 0% and adjusted EPS of $7.20 to $7.40, and its reconciliation puts 2026 GAAP revenue growth at (1.5%) to (0.5%). It also raised its Project Elevate savings target to $1 billion from $500 million and said it expects to repurchase $500 million of stock in the fourth quarter. (Fiserv Q3 2026 release, Nov 3, 2026)

Adjusted EPS for the first nine months of 2026 was $5.38. Fiserv's CFO said second-half initiatives were on track to support the revenue acceleration Fiserv expects in the fourth quarter. (Fiserv Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Fiserv, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Fiserv's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning FISV is on is FISV a buy or a sell?, what analysts expect next is on the FISV forecast, and what the company does is on the Fiserv (FISV) stock page.

Every number on this page can be traced to a document Fiserv published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.